SSRN Wharton School: Finance (Topic)

1.

Endogeneity in Empirical Corporate Finance

Simon School Working Paper No. FR 11-29

Number of pages: 97 Posted: 28 Jan 2011 Last Revised: 06 Oct 2012

Working Paper Series

The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Michigan, Stephen M. Ross School of Business

Downloads 20,677

2.

Are Stocks Really Less Volatile in the Long Run?

EFA 2009 Bergen Meetings Paper, AFA 2010 Atlanta Meetings Paper

Number of pages: 56 Posted: 26 May 2008 Last Revised: 13 Dec 2011

Working Paper Series

Lubos Pastor and Robert F. Stambaugh

University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

There are 3 versions of this paper

Downloads 11,624

3.

Does the Stock Market Fully Value Intangibles? Employee Satisfaction and Equity Prices

Journal of Financial Economics 101(3), 621-640, September 2011

Number of pages: 43 Posted: 19 Mar 2008 Last Revised: 19 Dec 2013

Accepted Paper Series

Alex Edmans

London Business School - Institute of Finance and Accounting

Downloads 9,811

4.

Common Risk Factors in Currency Markets

Review of Financial Studies ( 2011), 24(11), .

Number of pages: 74 Posted: 01 Jun 2008 Last Revised: 27 Aug 2012

Accepted Paper Series

Hanno N. Lustig, Nikolai L. Roussanov and Adrien Verdelhan

Stanford Graduate School of Business, University of Pennsylvania - The Wharton School and Massachusetts Institute of Technology (MIT) - Sloan School of Management

There are 2 versions of this paper

Downloads 6,962

5.

Investing in Socially Responsible Mutual Funds

Number of pages: 56 Posted: 22 Jul 2003

Working Paper Series

Christopher Geczy, Robert F. Stambaugh and David Levin

University of Pennsylvania - The Wharton School, Finance Department, University of Pennsylvania - The Wharton School and University of Pennsylvania - The Wharton School

Downloads 6,393

6.

Special Purpose Vehicles and Securitization

FRB Philadelphia Working Paper No. 05-21

Number of pages: 63 Posted: 04 May 2005 Last Revised: 13 Dec 2011

Working Paper Series

Gary B. Gorton and Nicholas S. Souleles

Yale School of Management and University of Pennsylvania - Finance Department

There are 2 versions of this paper

Downloads 6,331

7.

Creditor Control Rights, Corporate Governance, and Firm Value

Number of pages: 79 Posted: 17 Aug 2009 Last Revised: 14 Dec 2011

Working Paper Series

Greg Nini, Amir Sufi and David C. Smith

Drexel University - Department of Finance, University of Chicago - Booth School of Business and University of Virginia - McIntire School of Commerce

Downloads 5,144

8.

The Short of It: Investor Sentiment and Anomalies

Journal of Financial Economics (JFE), Vol. 104, pp 288-302, May 2012, AFA 2012 Chicago Meetings Paper

Number of pages: 37 Posted: 15 Mar 2010 Last Revised: 11 Mar 2012

Accepted Paper Series

Robert F. Stambaugh, Jianfeng Yu and Yu Yuan

University of Pennsylvania - The Wharton School, Tsinghua University - PBC School of Finance and Shanghai Mingshi Investment Company

There are 2 versions of this paper

Downloads 5,055

9.

The Post-Merger Performance Puzzle

Number of pages: 59 Posted: 05 Jan 2000

Working Paper Series

Anup Agrawal and Jeffrey F. Jaffe

University of Alabama - Culverhouse College of Commerce & Business Administration and University of Pennsylvania - Finance Department

There are 2 versions of this paper

Downloads 4,819

10.

Payout Policy

Number of pages: 148 Posted: 10 May 2002

Working Paper Series

Roni Michaely and Franklin Allen

University of Geneva - Geneva Finance Research Institute (GFRI) and Imperial College London

There are 3 versions of this paper

Downloads 4,338

11.

Networks in Finance

Wharton Financial Institutions Center Working Paper No. 08-07

Number of pages: 20 Posted: 19 Feb 2008 Last Revised: 04 Dec 2011

Working Paper Series

Franklin Allen and Ana Babus

Imperial College London and Federal Reserve Bank of Chicago

Downloads 4,139

12.

The Structure and Pricing of Corporate Debt Covenants

Number of pages: 43 Posted: 04 Dec 2003

Working Paper Series

Michael Bradley and Michael R. Roberts

Duke University - Fuqua School of Business and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

There are 2 versions of this paper

Downloads 4,116

13.

Liquidity Risk and Expected Stock Returns

CRSP Working Paper No. 531

Number of pages: 38 Posted: 17 Aug 2001

Working Paper Series

Lubos Pastor and Robert F. Stambaugh

University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

There are 3 versions of this paper

Downloads 3,989

14.

China's Financial System: Past, Present, and Future

Number of pages: 63 Posted: 05 Aug 2005

Working Paper Series

Franklin Allen, Jun Qian and Meijun Qian

Imperial College London, Fanhai International School of Finance, Fudan University and Australian National University (ANU) - College of Business and Economics

Downloads 3,977

15.

Dynamic CEO Compensation

Journal of Finance 67(5), 1603-1647, October 2012

Number of pages: 63 Posted: 18 Mar 2009 Last Revised: 20 Dec 2013

Accepted Paper Series

Alex Edmans, Xavier Gabaix, Tomasz Sadzik and Yuliy Sannikov

London Business School - Institute of Finance and Accounting, Harvard University - Department of Economics, New York University (NYU) and University of California, Berkeley - Department of Economics

There are 3 versions of this paper

Downloads 3,216

16.

On the Size of the Active Management Industry

CRSP Working Paper

Number of pages: 44 Posted: 06 Jan 2010 Last Revised: 24 Jul 2012

Working Paper Series

Lubos Pastor and Robert F. Stambaugh

University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

There are 4 versions of this paper

Downloads 3,186

17.

The Role of Liquidity in Financial Crises

Number of pages: 37 Posted: 19 Sep 2008 Last Revised: 26 Jan 2014

Working Paper Series

Franklin Allen and Elena Carletti

Imperial College London and Bocconi University - Department of Finance

Downloads 3,115

18.

Rating Agencies in the Face of Regulation

Journal of Financial Economics (JFE), Vol. 108, pp. 64-81, 2013, Chicago Booth Research Paper No. 13-05, Fama-Miller Working Paper

Number of pages: 33 Posted: 26 Jan 2010 Last Revised: 11 Apr 2013

Accepted Paper Series

Christian C. Opp, Marcus M. Opp and Milton Harris

University of Pennsylvania - The Wharton School, Stockholm School of Economics - Department of Finance and University of Chicago - Finance

Downloads 3,047

19.

Sports Sentiment and Stock Returns

Journal of Finance 62(4), 1967-1998, August 2007

Number of pages: 47 Posted: 02 Mar 2005 Last Revised: 20 Dec 2013

Accepted Paper Series

Alex Edmans, Diego Garcia and Oyvind Norli

London Business School - Institute of Finance and Accounting, University of Colorado at Boulder - Leeds School of Business and BI Norwegian Business School - Department of Financial Economics

Downloads 3,022

20.

Predictive Systems: Living with Imperfect Predictors

CRSP Working Paper No. 617, EFA 2007 Ljubljana Meetings Paper

Number of pages: 51 Posted: 19 Feb 2007 Last Revised: 13 Dec 2011

Working Paper Series

Lubos Pastor and Robert F. Stambaugh

University of Chicago - Booth School of Business and University of Pennsylvania - The Wharton School

There are 4 versions of this paper

Downloads 2,805

21.

Stakeholder Capitalism, Corporate Governance and Firm Value

EFA 2007 Ljubljana Meetings Paper, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 190/2007, Wharton Financial Institutions Center Working Paper #09-28

Number of pages: 45 Posted: 05 Mar 2007 Last Revised: 06 Dec 2018

Working Paper Series

Franklin Allen, Elena Carletti and Robert Marquez

Imperial College London, Bocconi University - Department of Finance and University of California, Davis

Downloads 2,722

22.

Financial Crises: Theory and Evidence

Number of pages: 44 Posted: 22 Jun 2009 Last Revised: 26 Jan 2014

Working Paper Series

Ana Babus, Elena Carletti and Franklin Allen

Federal Reserve Bank of Chicago, Bocconi University - Department of Finance and Imperial College London

Downloads 2,654

23.

Managing Risk Management

AFA 2012 Chicago Meetings Paper

Number of pages: 57 Posted: 18 Mar 2011 Last Revised: 20 Dec 2013

Working Paper Series

Gordon M. Bodnar, Erasmo Giambona, John R. Graham, Campbell R. Harvey and Richard C. Marston

Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS), Syracuse University - Whitman School of Management - Finance Department; James D. Kuhn Center for Real Estate, Duke University, Duke University - Fuqua School of Business and University of Pennsylvania - Finance Department

Downloads 2,522

24.

The Pecking Order, Debt Capacity, and Information Asymmetry

Number of pages: 57 Posted: 09 Jun 2004

Working Paper Series

Mark T. Leary and Michael R. Roberts

Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Downloads 2,487

25.

The Structure and Pricing of Corporate Debt Covenants

6th Annual Texas Finance Festival

Number of pages: 46 Posted: 31 Aug 2004

Working Paper Series

Michael Bradley and Michael R. Roberts

Duke University - Fuqua School of Business and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

There are 2 versions of this paper

Downloads 2,373

26.

Comparing China's Financial System

China Journal of Finance, Vol. 1, pp. 1-28, June 2003

Number of pages: 48 Posted: 18 Sep 2003

Accepted Paper Series

Franklin Allen, Jun Qian and Meijun Qian

Imperial College London, Fanhai International School of Finance, Fudan University and Australian National University (ANU) - College of Business and Economics

Downloads 2,353

27.

How Does Financing Impact Investment? The Role of Debt Covenants

AFA 2007 Chicago Meetings Paper

Number of pages: 61 Posted: 26 Nov 2005

Working Paper Series

Sudheer Chava and Michael R. Roberts

Georgia Institute of Technology - Scheller College of Business and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Downloads 2,280

28.

Back to the Beginning: Persistence and the Cross-Section of Corporate Capital Structure

Number of pages: 63 Posted: 09 Feb 2006

Working Paper Series

Michael L. Lemmon, Michael R. Roberts and Jaime F. Zender

University of Utah - Department of Finance, The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Colorado at Boulder - Department of Finance

Downloads 2,181

29.

Do Investment Banks Matter for M&A Returns?

Review of Financial Studies, Vol. 24, No. 7, pp. 2286-2315, July 2011, EFA 2007 Ljubljana Meetings Paper

Number of pages: 41 Posted: 21 Dec 2006 Last Revised: 07 Dec 2011

Accepted Paper Series

Jack Bao and Alex Edmans

University of Delaware - Department of Finance and London Business School - Institute of Finance and Accounting

Downloads 2,105

30.

Corporate Dividend Policies: Lessons from Private Firms

Number of pages: 50 Posted: 01 Sep 2006 Last Revised: 13 Dec 2011

Working Paper Series

Michael R. Roberts and Roni Michaely

The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Geneva - Geneva Finance Research Institute (GFRI)

Downloads 2,037

31.

Law, Finance, and Economic Growth in China

U of Penn, Inst for Law & Econ Research Paper No. 03-21

Number of pages: 60 Posted: 04 Feb 2003

Working Paper Series

Franklin Allen, Jun Qian and Meijun Qian

Imperial College London, Fanhai International School of Finance, Fudan University and Australian National University (ANU) - College of Business and Economics

There are 2 versions of this paper

Downloads 1,970

32.

The Real Effects of Financial Markets: The Impact of Prices on Takeovers

Journal of Finance 67(3), 933-971, June 2012

Number of pages: 58 Posted: 19 Mar 2008 Last Revised: 04 Jun 2014

Accepted Paper Series

Alex Edmans, Itay Goldstein and Wei Jiang

London Business School - Institute of Finance and Accounting, University of Pennsylvania - The Wharton School - Finance Department and Columbia Business School - Finance and Economics

Downloads 1,935

33.

Do Firms Rebalance Their Capital Structures?

14th Annual Utah Winter Finance Conference; Tuck Contemporary Corporate Finance Issues III Conference Paper

Number of pages: 58 Posted: 03 Aug 2004

Working Paper Series

Mark T. Leary and Michael R. Roberts

Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Downloads 1,893

34.

Inside Debt

Review of Finance, Vol. 15, No. 1, pp. 75-102, January 2011, EFA 2007 Ljubljana Meetings Paper

Number of pages: 27 Posted: 21 Jul 2005 Last Revised: 07 Dec 2011

Accepted Paper Series

Alex Edmans and Qi Liu

London Business School - Institute of Finance and Accounting and Peking University - Department of Finance

Downloads 1,863

35.

Creditor Control Rights and Firm Investment Policy

Number of pages: 48 Posted: 08 Sep 2006 Last Revised: 14 Sep 2014

Working Paper Series

Greg Nini, Amir Sufi and David C. Smith

Drexel University - Department of Finance, University of Chicago - Booth School of Business and University of Virginia - McIntire School of Commerce

Downloads 1,749

36.

Countercyclical Currency Risk Premia

Journal of Financial Economics (JFE), Forthcoming, AFA 2011 Denver Meetings Paper

Number of pages: 58 Posted: 26 Jan 2010 Last Revised: 07 Nov 2014

Accepted Paper Series

Hanno N. Lustig, Nikolai L. Roussanov and Adrien Verdelhan

Stanford Graduate School of Business, University of Pennsylvania - The Wharton School and Massachusetts Institute of Technology (MIT) - Sloan School of Management

There are 2 versions of this paper

Downloads 1,740

37.

Can Mutual Fund Managers Pick Stocks? Evidence from Their Trades Prior to Earnings Announcements

Number of pages: 29 Posted: 03 Mar 2005 Last Revised: 13 Dec 2011

Working Paper Series

Malcolm P. Baker, Lubomir P. Litov, Jessica A. Wachter and Jeffrey Wurgler

Harvard Business School, University of Oklahoma - Michael F. Price College of Business, University of Pennsylvania - Finance Department and NYU Stern School of Business

There are 4 versions of this paper

Downloads 1,736

38.

The Impact of Foreign Bank Entry in Emerging Markets: Evidence from India

Journal of Financial Intermediation, Vol. 19, No. 1, 2010

Number of pages: 54 Posted: 20 Jun 2006 Last Revised: 17 Jun 2014

Working Paper Series

Todd A. Gormley

Washington University in St. Louis

Downloads 1,724

39.

Control Rights and Capital Structure: An Empirical Investigation

9th Annual Texas Finance Festival, AFA 2008 New Orleans Meetings

Number of pages: 68 Posted: 12 Feb 2007 Last Revised: 13 Dec 2011

Working Paper Series

Michael R. Roberts and Amir Sufi

The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER) and University of Chicago - Booth School of Business

Downloads 1,711

40.

The Dynamics of Capital Structure: An Empirical Analysis of a Partially Observable System

Duke University, Fuqua School of Business Working Paper

Number of pages: 53 Posted: 18 Apr 2002

Working Paper Series

Michael R. Roberts

The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Downloads 1,699

41.

Mutual Fund Survivorship

Number of pages: 67 Posted: 19 Oct 2000

Working Paper Series

Mark M. Carhart, Jennifer N. Carpenter, Anthony W. Lynch and David K. Musto

Kepos Capital LP, New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and University of Pennsylvania - Finance Department

There are 4 versions of this paper

Downloads 1,655

42.

Beauty Contests, Bubbles and Iterated Expectations in Asset Markets

Cowles Foundation Discussion Paper No. 1406; AFA 2004 San Diego Meetings

Number of pages: 38 Posted: 08 Mar 2003

Working Paper Series

Franklin Allen, Stephen Morris and Hyun Song Shin

Imperial College London, Princeton University - Department of Economics and Bank for International Settlements (BIS)

Downloads 1,597

43.

Earnings Announcements and Systematic Risk

Journal of Finance, vol. 71, 2016, 83–138. 2016 Amundi Smith Breeden Prize, AFA 2012 Chicago Meetings Paper,

Number of pages: 83 Posted: 17 Mar 2011 Last Revised: 12 Jan 2017

Accepted Paper Series

Pavel G. Savor and Mungo Ivor Wilson

DePaul University - Kellstadt Graduate School of Business and University of Oxford - Said Business School

Downloads 1,593

44.

Is CEO Pay Really Inefficient? A Survey of New Optimal Contracting Theories

Europen Financial Management, Vol. 15, No. 3, pp. 486-496, June 2009

Number of pages: 13 Posted: 24 Sep 2008 Last Revised: 07 Dec 2011

Accepted Paper Series

Alex Edmans and Xavier Gabaix

London Business School - Institute of Finance and Accounting and Harvard University - Department of Economics

There are 3 versions of this paper

Downloads 1,590

45.

India's Financial System

Number of pages: 109 Posted: 31 Aug 2008

Working Paper Series

Franklin Allen, Rajesh Chakrabarti and Sankar De

Imperial College London, OP Jindal Global University and Independent

Downloads 1,589

46.

Do Peer Firms Affect Corporate Financial Policy?

Number of pages: 57 Posted: 12 Jun 2010 Last Revised: 13 Dec 2011

Working Paper Series

Mark T. Leary and Michael R. Roberts

Washington University in St. Louis - Olin Business School and The Wharton School - University of Pennsylvania; National Bureau of Economic Research (NBER)

Downloads 1,563

47.